When you create a share class that exceeds the authorised shares your company registered with CIPC, InfoDocs prompts you to lodge the change with CIPC. Which ensures all your share transactions are kept up to date.
Estimated Reading Time: 1 minute
Step 1: Select the company you are working on and head to the Share Classes tab. Click Share Reorganisation, on the far right.
Step 2: Select Create New Share Class and click Next. Then proceed to fill in important details pertaining to the share class, Including the Total Authorised shares, and click Save.
Step 3: A pop-up message will appear asking you to submit the change to CIPC. If the change has not been submitted to CIPC yet, you can proceed to submit the change by selecting the Next option. If you do not wish to submit the change to CIPC and the share class amendment will reflect the information on CIPC accurately simply Close the page.”
Step 4: Finally, click Submit to CIPC to lodge the change!